Maruti Suzuki India (MSI) country's largest car maker is likely to invest about Rs 3,000 crore in 2012-13 financial year on various areas, including expanding capacity and new model launches. Currently the company is investing about Rs 4,000 crore in this fiscal for setting new assembly lines inside its Manesar facility, marketing, R&D and new model launches.
The company is setting up two new plants inside Manesar with 2.5 lakh annual capacity each at a total investment of Rs 3,625 crore. The first of these two plants will start its operations during September-October this year, while the other one is scheduled to be operational in 2012-13. MSI is also investing Rs 2,500 crore for its K-series engine plant and setting up a dedicated R&D facility at Rohtak in Haryana. The company spent 0.7% of its net sales in R&D activities during April-June period this year as against 1.1 per cent in 2010-11.
The entity is increasing the production capacity of diesel cars to 2.9 lakh units annually from existing 2.4 lakh units on account of rise in demand of diesel cars. It sells diesel options of hatchbacks Swift and Ritz and sedans DZiRE and SX4.
MSI ‘s net profit for the quarter has registered growth of 18.02% at Rs 549.23 crore as compared to Rs 465.36 crore for the corresponding quarter of the previous year. Its total income has increased by 3.56% to Rs 8709.37 crore for the quarter under review from Rs 8409.62 crore for the quarter ended June 30, 2010 ended June 30, 2011.
Company Name | CMP |
---|---|
Maruti Suzuki | 10912.55 |
Mahindra & Mahindra | 2938.75 |
Hyundai Motor India | 1770.20 |
Mercury Metals | 89.87 |
Hindustan Motors | 27.20 |
View more.. |